Access financial incentives when hiring apprentices in British Columbia

Access financial incentives when hiring apprentices in British Columbia

Hiring an apprentice can connect you with an employee that has knowledge of cutting-edge technologies and concepts to help your business stay competitive. Government knows apprenticeship is important for our economy and provides incentives to offset the costs of apprenticeship. Here are opportunities for the employer and individual apprentices:

Apprenticeship Job Creation Tax Credit (AJCTC): The AJCTC is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an "eligible apprentice", you qualify to claim the credit.